TSMC to invest $16 billion in advanced chip plants

The story is a bit light on details but Reuters heard late last week that TSMC is planning to invest roughly US$16 billion in advanced chip manufacturing capacity in central Taiwan.

Taiwan Semiconductor Manufacturing Co (TSMC) did not give a timeframe for the investment. It said in a statement the Taichung factory had generated T$200 billion in output value last year, accounting for 28 percent of the company's total.